mynth
12/2021

NOBINA acquired by BASALT INFRASTRUCTURE PARTNERS

SWEDEN Transport & Logistics / Passenger Transport / Bus & Coach EV 1b - 4b EUR

Context

Basalt Infrastructure Partners launched a public takeover bid for Nobina, delisting the company from the Nasdaq Stockholm. The offer priced at SEK 108 per share represented a significant premium. Basalt aims to support Nobina's long-term growth and transition to electric fleets as a private owner.

NOBINA, which reported an EBITDA margin of LOGIN in 2020, is valued in this transaction at an EV/EBITDA multiple of LOGIN, representing a LOGIN to the average currently observed in the Business Services sector (11.1x).

Note that this data is based on contribution from our growing community, composed of M&A and Private Equity professionals, and has been verified by our team to ensure its accuracy.

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Target

Nobina is the premier and largest public transport bus operator in the Nordic region, managing mission-critical mobility infrastructure networks across Sweden, Denmark, Norway, and Finland. Headquartered in Solna, Sweden, the company designs, structures, and executes urban, regional, and intercity public bus services, alongside specialized on-demand and accessible transport solutions. Its highly resilient business model is characterized by exceptional revenue visibility, with the vast majority of its turnover secured through long-term, inflation-indexed contracts (typically spanning 8 to 10 years) tendered by regional and municipal public transport authorities.

Ent. Value

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Equity Value

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Multiples

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EV / EBITDA

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EV / EBIT

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Historical Financials (EUR)

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2019
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REFERENCES

Valuation range: EV 1b - 4b EUR

Revenue range: 750M - 1.3b EUR

EBITDA range: 100M - 200M EUR

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of NOBINA by BASALT INFRASTRUCTURE PARTNERS are reserved for mynth community members. Register for free to unlock full data.

Authors: verified mynth contributor (mynth data is contributed by M&A / PE professionals and systematically cross-verified with private deal documents and official press releases).

Press release: view release

Target: nobina

Acquirer: basalt infrastructure partners